US stocks soar to multi-year closing highs September 6, 2012 US stocks closed at multi-year highs yesterday, with the S&P 500 ending at its highest level since before the collapse of Lehman Brothers as investors hailed a new European bond-buying program aimed at stemming the region’s debt crisis. Sentiment was also boosted by stronger-than-expected data on the US services sector and labour market, which was [...]
FedEx outlook stokes bearish US sentiment September 5, 2012 US stocks closed out a second straight session of thin trading yesterday, with investors reluctant to make big bets ahead of a crucial meeting of the European Central Bank, which could announce new policies to help contain the Eurozone’s debt crisis. Media reports that European policymakers would unveil a bond-buying plan to bring down crippling [...]
Santander set to float Mexico arm on NYSE September 4, 2012 SANTANDER yesterday announced plans to float its Mexican banking arm Santander Mexico on the New York Stock Exchange later this month. The initial public offering is expected to raise between €3bn (£2.37bn) and €3.4bn of capital for the company, boosting Santander’s core capital ratio by about half a percentage point under Basel II rules. Shares [...]
BlackRock set for US trust float despite tough market for IPOs September 3, 2012 BLACKROCK, the world’s biggest fund manager, yesterday unveiled plans to float a US-based investment trust in London next month, as investors seek to capitalise on strong S&P 500 performance. The fund manager, which runs $3.35trn (£2.11trn) for clients globally, will seek a premium listing on the London Stock Exchange when the trust has its IPO [...]
Trading light in US as investors wait on the Fed August 28, 2012 US stocks ended little changed in another day of scarce activity yesterday after mixed economic data gave investors little reason to shift their focus from Federal Reserve chairman Ben Bernanke’s speech on Friday. The Fed chief is scheduled to address a conference of central bankers in Jackson Hole, Wyoming, and could announce new measures to [...]
Lacklustre data and fears over Greece hurt US August 22, 2012 THE S&P 500 erased earlier losses to close flat yesterday after minutes from the latest Federal Reserve meeting indicated the central bank might be ready for another round of stimulus. Minutes from the 31 July to 1 August meeting suggested the Fed is likely to deliver another round of monetary stimulus “fairly soon” unless the [...]
Soros reveals new stake in Man United August 20, 2012 BILLIONAIRE investor George Soros has splashed out on a 7.85 per cent passive stake in Manchester United, a filing with the US Securities and Exchange Commission revealed late last night. Soros Fund Management bought over three million of the new class A shares, which were created for the club’s initial public offering (IPO) in New [...]
Wall Street flat after six week rallying boom August 20, 2012 US stocks were flat yesterday, on signs of fatigue after a six-week run of gains, as the European Central Bank quelled speculation about the form of market intervention that may be taken to stem the region’s debt crisis. Despite the lethargic trading, Apple shares hit a new high, becoming the most valuable public company of [...]
Twilight star rings NYSE opening bell August 14, 2012 LONDON-born actor Robert Pattinson took to the trading floor in New York yesterday to ring the New York Stock Exchange’s opening bell. Pattinson was in town to promote his recent film Cosmopolis – an adaptation of a Don De Lillo book in which he plays a wealthy Manhattan asset manager travelling across the city in [...]
Retailers pick up during light Wall St trading August 14, 2012 US stocks ended little changed yesterday in what investors described as a fatigued market after the S&P 500 rose in seven of the past eight sessions. Retailers were a notable standout after Home Depot raised its profit forecast due to improvement in the housing market and US retail sales data that was stronger than expected, [...]